Time and attendance tracking software is a package consisting of written programs or procedures for tracking employee attendance and time management. This software is mainly used to automate a labor-intensive activity in organizations. This helps in reducing payroll preparation time and employee tracking time. Many companies are now adopting time and attendance tracking software because of its flexibility, easy deployment and enhanced centralized support.
Most time and attendance tracking software packages consist of both traditional time clocks and automated time and labor management solutions. The software that works with time clocks contains features that notify the supervisors if employees are late or absent. There are various types of tracking software available in the market. Most of the software uses a biometric device for processing. This type of tracking software makes sophisticated algorithms to generate and store a unique numerical template.
Small- and medium-sized commercial or industrial enterprises are finding that time and attendance tracking software applications are capable of providing substantial benefits to justify the acquisition costs. The benefits of the time and attendance tracking software are the elimination of time cards and unauthorized overtime, plus automation of payroll process, and more precise employee time/attendance reporting. Tracking software eliminates paper cards and all the costs associated with them.
The sales of the time and attendance tracking software are increasing rapidly. Internet-based time and attendance solutions can be installed easily. The centralized support helps companies to track their employees who move from one place to another, especially when companies have more than one location.
There are certain things to consider before the purchase of time and attendance tracking software. Most importantly, the purchaser should check whether the software would effectively serve the organization